Puerto Rico Gaming Commission grants licenses to 3 new casinos in Ponce
February 24, 2022
The endorsements are expected to help lift the casino and entertainment sector, which was affected by the closure of seven gaming venues since 2006.
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Ports signs lease to open FBO, MRO operations in Mayagüez airport
February 24, 2022
Ports announced projects underway at the Mayagüez and Aguadilla regional airports.
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Polytechnic Univ. accredited as National Center for Academic Excellence
February 23, 2022
The Master of Science program in Computer Science in Cybersecurity was also validated through 2027.
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Gov’t breaks down use of $33.7M ARPA funds for cultural programs
February 15, 2022
That money will be supplemented with other funds allocated by the Federal Emergency Management Agency
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GSA to host convention to join businesses, gov’t buyers
February 15, 2022
‘Puerto Rico Compra 2022’ aims to unite government suppliers and buyers to stimulate competition, better prices, and transparency, the agency said.
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Espacios Abiertos unveils interactive map of effects of tax credits
February 9, 2022
The new tool allows visualizing the impact on the economy and on people's pockets of some $2.6 billion that can be received from tax credits.
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Néctar Naturelle launches new curly hair product line for children
February 7, 2022
The entrepreneur behind the product took out a $4,500 loan through nonprofit organization Kiva to launch the online store.
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Visa, Grupo Guayacán partner to accelerate growth of Puerto Rico’s fintech sector
February 1, 2022
Grupo Guayacán and Visa have created an alliance to provide specialized training and financial support to startups focused on in digital payment solutions and to accelerate the proliferation of local business projects in the dynamic financial technology and payment processing sector. Entrepreneurs in the sector known as “fintech” will benefit from the easy access that […]
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Jefas y Jevas’ platform looks to develop new female moguls
February 1, 2022
Financial empowerment platform “Jefas y Jevas” was recently launched and seeks to help the financial development of women in Puerto Rico and the diaspora to increase the number of female millionaires. The concept includes a podcast, advice through social networks, mentoring workshops, training dynamics and support groups and it addresses business, entrepreneurship, and personal finance […]
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75KW solar energy microgrid in the works for Maricao
January 31, 2022
The Puerto Rico Solar Energy Companies Accelerator (AEESPR, in Spanish), part of the Interstate Renewable Energy Council (IREC), will develop a 75KW energy microgrid through the installation of photovoltaic panels that will be placed on the roofs of several establishments in the urban center of the town of Maricao. This project will benefit several facilities, […]
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Puerto Rico restaurants lose $398M in sales in ’20 due to pandemic
January 26, 2022
Puerto Rico’s restaurant industry took a $398 million hit in sales during 2020, when COVID-19 restrictions were in full force, reaching $1.6 billion, a report released by Puerto Rico Restaurants Association (ASORE, in Spanish) showed. The 2020 results were 20% down from the $1.9 billion reported for 2019. The study also showed that in the […]
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El Portal de El Yunque reopens after $18.1M in repairs
January 21, 2022
El Portal de El Yunque has reopened nearly five years after Hurricane María destroyed it, following an $18.1 million investment by the US Department of Agriculture Forest Service. The recovery project has “a new focus on collaborative management with non-governmental organizations and broader community integration,” the agency stated. The project, which took 30 months to […]
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Tourism Co. estimates economic impact of FITUR alliances at $10M
January 20, 2022
The Puerto Rico Tourism Co. estimates that the economic impact resulting from the agreements reached during the International Tourism Fair (FITUR, in Spanish) event in Madrid, Spain will surpass $10 million through the potential alliances created. As part of the objectives set for this year, Tourism, together with Discover Puerto Rico and the Puerto Rican […]
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EDB doubled its financing capacity for SMEs in ’21 vs. ’19
January 18, 2022
The Puerto Rico Economic Development Bank doubled the number of loans approved for small and mid-sized businesses in 2021, when compared to 2019, agency President Luis Alemañy said, adding that in doing so, “the public corporation has become one of the main sources of aid and financing” for that segment known as SMEs. Offering a […]
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Pathstone, PRTEC partner to develop co.’s in Puerto Rico’s Southwest
January 18, 2022
PathStone Enterprise Center (PECI) and the Puerto Rico Technoeconomic Corridor signed an alliance that will promote the development, maintenance and expansion of micro, small and medium businesses in the southwestern region of the island. Through a grant obtained by PECI, both organizations will work collaboratively with the entrepreneurial sector of the municipalities of the Southwest […]
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